Nifty 19 Jan Trade Plan – Bramesh’s Technical Analysis

Analysis of FIIs’ conduct within the Nifty Index Futures market exhibits a Bearish strategy as they displayed a desire for SHORT positions. On a web foundation, FIIs went SHORT 19525 contracts value 2108 crores, leading to a rise of 14333 contracts within the Net Open Interest.

As Discussed in Last Analysis

Nifty had greatest decline after May 2020 failing 4.3% in single buying and selling session all because of HDFC financial institution, We had a dialogue how astro and gann cycle mixture can result in a giant transfer. Fall was Brutal and tommrow we are able to have one other decline in open as HDFC is buying and selling one other 6% down. 21322 is degree to be watched out for.

NIfty Price bounced close to 21322 Octave level and took assist on the Election Gap on 01 Dec, Today is one other vital Solar Eclipse Time cycle date so look ahead to first 15 minutes High and Low to journey the pattern for the day.

Nifty 19 Jan Trade Plan - Bramesh's Technical Analysis

Nifty Trade Plan for Positional Trade, Bulls will get lively above 21630 for a transfer in direction of 21688/21750. Bears will get lively under 21575 for a transfer in direction of 21500/21444

Traders might be careful for potential intraday reversals at 10:20,12:40,01:20,2:21 How to Find and Trade Intraday Reversal Times

Nifty Jan Futures Open Interest Volume stood at 1.11 lakh cr, witnessing a liquidation of 0.75 Lakh contracts. Additionally, the rise in Cost of Carry implies that there was a closure of LONG positions at this time.

Nifty Advance Decline Ratio at 21:28 and Nifty Rollover Cost is @21719 closed above it.

Nifty Gann Monthly Trend Change Level: 21749– CLosed under it.

Nifty 20 DMA @21644 act as resistance now

Nifty 19 Jan Trade Plan - Bramesh's Technical Analysis

Nifty choices chain exhibits that the most ache level is at 21600 and the put-call ratio (PCR) is at 0.85. Typically, when the PCR open curiosity ranges between 0.90 and 1.05, the market tends to stay range-bound.

Nifty 50 Options Chain Analysis

The Nifty 50 choices chain signifies that the very best open curiosity (OI) on the decision aspect is on the 21600 strike, adopted by 21700 strikes. On the put aspect, the very best OI is on the 21400 strike, adopted by 21300 strikes. This means that the market members expect Nifty 50 to stay vary between 21300-21600 ranges.

In the money phase, Foreign Institutional Investors (FII) bought 9901 crores, whereas Domestic Institutional Investors (DII) purchased 5977 crores.

Traders who observe the musical octave trading path might discover beneficial insights in predicting Nifty’s actions. According to this path, Nifty might observe a path of 21146-21775-22404 This signifies that merchants can take a place and probably journey the transfer as Nifty strikes via these ranges.Of course, it is vital to needless to say buying and selling is inherently dangerous and market actions could be unpredictable.

Nifty 19 Jan Trade Plan - Bramesh's Technical Analysis

There is a paralysis that units in when the losses start to mount. These losses are a lot an excessive amount of for the ego to confess. It would slightly deny and postpone judgment day than face the reality.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 21594 , Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 21468, Which Acts As An Intraday Trend Change Level.

Nifty Intraday Trading Levels

Buy Above 21630 Tgt 21666, 21700 and 21730 ( Nifty Spot Levels,

Sell ​​Below 21575 Tgt 21525, 21485 and 21444 (Nifty Spot Levels)

Wishing you good well being and buying and selling success as at all times.As at all times, prioritize your well being and commerce with warning.

As at all times, it is important to intently monitor market actions and make knowledgeable selections based mostly on a well-thought-out buying and selling plan and threat administration technique. Market situations can change quickly, and it is essential to be adaptable and cautious in your strategy.

Source link

#Nifty #Jan #Trade #Plan #Brameshs #Technical #Analysis